In a three-party deal announced today, Ford moves a giant step closer to concluding a seven-year effort to dispose of its old auto components operations, while French auto supplier Faurecia expands its U.S. footprint and a new joint venture is formed in Detroit that brings 500 manufacturing jobs to the city.
“It’s a win-win-win that generates value for all the constituencies,” said Tony Brown, Ford’s group vice president for global purchasing. “Ford also is proud to play a role in helping to revitalize Detroit at this critical time for the city.”
As part of the deal, a joint venture called Detroit Manufacturing Systems [[DMS) is being formed by Faurecia and Rush Group Ltd., headed by Native American entrepreneur Andra Rush, whose other businesses include Rush Trucking in Wayne and Dakkota Integrated systems, an automotive trim joint venture near Lansing. Rush told the Free Press she hopes the DMS plant, 55% owned by Rush and 45% by Faurecia, will be producing vehicle parts by August. The plant at the Gateway Industrial Center on Detroit’s west side expect to employ about 500 when it ramps up production over the next few years.
http://www.freep.com/article/2012050...text|FRONTPAGE
This should be bigger news, if these jobs were coming to downtown it'd be the top story in the papers instead of buried with other stories.
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